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Q29 (IAS/2015) Economy › Money, Banking & Inflation › Inflation measurement Official Key

Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?

Result
Your answer: —  ·  Correct: C
Explanation

The Consumer Price Index Numbers for Industrial Workers CPI (IW) are being compiled, maintained and disseminated by the Labour Bureau since its inception.[1] CPI-IW is a price index released by the Labour Bureau to measure the impact of price rise on the cost of living for working class families spread across certain select industries.[2] The CPI Industrial Workers (CPI-IW) index measures the change in price of commodity basket consumed by the industrial workers and is published monthly by Labour Bureau under Ministry of Labour and Employment for all India as well as States and Union Territories.[3] The base year for CPI-IW was changed from 2001 to 2016 in October 2020.[4] Therefore, the Labour Bureau is the correct answer, not the Reserve Bank of India, Department of Economic Affairs, or Department of Personnel and Training.

Sources
  1. [1] https://des.delhi.gov.in/sites/default/files/DES/universal-tab/prices_indices_2015-16.pdf
  2. [2] https://www.indiabudget.gov.in/budget2021-22/economicsurvey/doc/vol2chapter/echap05_vol2.pdf
  3. [3] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
  4. [4] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'? [A] The Reserve Bank of India [B] The Depar…
At a glance
Origin: Books + Current Affairs Fairness: Moderate fairness Books / CA: 7.5/10 · 2.5/10

This is a classic 'Agency-Index Mapping' question found in every standard Economy textbook. It tests the fundamental administrative division of labor: RBI handles money, MoSPI handles general stats, and Labour Bureau handles workforce-specific data. Missing this means you skipped the 'Who publishes what' table in your Inflation chapter.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Does the Reserve Bank of India publish the Consumer Price Index Number for Industrial Workers (CPI-IW)?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"The Consumer Price Index. Numbers for Industrial Workers CPI (IW) are being compiled, maintained and disseminated by the Labour Bureau since its inception in ..."
Why this source?
  • Explicitly states which agency compiles, maintains and disseminates CPI-IW.
  • Shows responsibility lies with the Labour Bureau, not the Reserve Bank of India.
Web source
Presence: 5/5
"CPI-IW is a price index released by the Labour Bureau to measure the impact of price rise on the cost of living for working class families spread across certain select industries."
Why this source?
  • Describes CPI-IW as a price index released by the Labour Bureau.
  • Reinforces that Labour Bureau, not RBI, is the releasing agency for CPI-IW.
Web source
Presence: 5/5
"Labour Bureau, Shimla has been compiling and releasing Consumer Price Index on a monthly basis for 78 selected centers in India, including Delhi."
Why this source?
  • States Labour Bureau, Shimla compiles and releases the Consumer Price Index on a monthly basis for selected centers.
  • Specifies the compilation/release role of Labour Bureau for CPI-IW (supports that RBI is not the publisher).

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
Strength: 5/5
“So, in India we have several CPI indices for different category/class of people: • CPI Industrial Workers (CPI -IW): This index measures the change in price of commodity basket consumed by the industrial workers• CPI Agricultural Labourers (CPI -AL): This index measures the change in price of commodity basket consumed by the agricultural labourers• CPI Rural Labourers: This index measures the change in price of commodity basket consumed by the rural labourers These indices are published monthly by Labour Bureau under Ministry of Labour and Employment for all India as well as States and Union Territories.”
Why relevant

States that several CPI indices including CPI (IW) are published monthly by the Labour Bureau under the Ministry of Labour and Employment (identifies a specific publisher for CPI-IW).

How to extend

A student could use the rule that CPI-IW is linked to Labour Bureau to check whether RBI publishes it (if Labour Bureau publishes it, RBI likely does not).

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
Strength: 5/5
“(b) Consumer Price Index • Consumer Price Index (CPI) measures the change in retail prices on a monthly basis. It includes both goods and services.• It focuses on a homogeneous group of consumers, i.e., consumers with the same likes or dislikes in terms of commodity basket. Presently, it takes into consideration two homogeneous groups: rural households and urban households.• It reflects the cost of living of the two concerned categories of consumers. • S. No.: 1; Index: CPI - Industrial Worker; Base Year Used: 2016 (changed from 2001 to 2016 recently by GOI in Oct, 2020); Compiled by: Labour Bureau under Ministry of Labour and Employment, GOI • S.”
Why relevant

Lists CPI - Industrial Worker and explicitly notes it is compiled by the Labour Bureau under Ministry of Labour and Employment (another statement assigning responsibility to Labour Bureau).

How to extend

Combine this with knowledge that government statistical agencies publish indices to infer which agency is responsible for CPI-IW rather than the central bank.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1.19 Previous Years Questions > p. 34
Strength: 4/5
“Which of the following brings out the "Consumer Price Index Number for Industrial Workers"? [2015] • (a) The Reserve Bank of India• (b) The Department of Economic Affairs• (c) The Labour Bureau• (d) The Department of Personnel and Training• 6. Increase in absolute and per capita real GNP do not connote a higher level of economic development, if [2018] • (a) industrial output fails to keep pace with agricultural output.• (b) agricultural output fails to keep pace with industrial output.• (c) poverty and unemployment increase.• (d) imports grow faster than exports.• 7. Despite being a high saving economy, capital formation may not result in significant increase in output due to [2018] • (a) weak administrative machinery• (b) illiteracy• (c) high population density• (d) high capital-output ratio”
Why relevant

Presents an exam MCQ asking which body 'brings out' CPI-IW with options that include the RBI and the Labour Bureau, implying this is a question of institutional responsibility (and that Labour Bureau is a plausible answer).

How to extend

A student could treat this as an indicator that publication responsibility is commonly attributed to Labour Bureau and verify by checking official sources for publisher attribution.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > CPI Rural, CPI Urban and CPI (Combined) > p. 67
Strength: 4/5
“• It covers 448 items in the rural basket and 460 items in the urban basket. • Base year used to compute CPI has been revised from the year 2010 = 100 to 2012 = 100. • For computing Dearness Allowance, CPI is used (not WPI). • For inflation targeting, Reserve Bank of India (RBI) and the Central Government since 2015 uses CPI (Combined) (instead of WPI) for policymaking based on the report of the Urjit Patel Committee. • --------------------------------------: Headline Inflation is based on CPI (Combined).”
Why relevant

Explains that different CPI aggregates (e.g., CPI Combined) are published by other statistical bodies (NSO) and that CPI variants are used differently for policy, showing a pattern that various indices are published by different government agencies.

How to extend

Use the pattern that statistical agencies (not RBI) publish CPI series to judge whether RBI would be the publisher of CPI-IW; then check the specific agency responsible for CPI-IW.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 2. Wholesale Price Index (WPI): > p. 32
Strength: 3/5
“WPI measures the change in prices in the wholesale market, where goods are traded in bulk. It is published monthly by Office of Economic Advisor, Department for Promotion of Industry and Internal Trade (DPIIT) under Ministry of Commerce and Industry. While the CPI-based retail inflation looks at the price which the consumer pays to buy the goods and services, the WPI tracks prices which the producer gets at the wholesale, or factory gate/mandi levels. Between the wholesale price and the retail price, the difference essentially is the former only tracks basic prices devoid of transportation cost, indirect taxes and the retail margin etc.”
Why relevant

Describes WPI as being published by DPIIT, illustrating the general rule that price indices are published by the relevant ministries/agencies rather than the RBI.

How to extend

Extend the pattern that commodity/price indices are produced by specific government departments to hypothesize that RBI is unlikely to publish CPI-IW and then verify with the Labour Bureau/Ministry sources.

Statement 2
Does the Department of Economic Affairs (Government of India) publish the Consumer Price Index Number for Industrial Workers (CPI-IW)?
Origin: Direct from books Fairness: Straightforward Book-answerable
From standard books
Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
Presence: 5/5
“So, in India we have several CPI indices for different category/class of people: • CPI Industrial Workers (CPI -IW): This index measures the change in price of commodity basket consumed by the industrial workers• CPI Agricultural Labourers (CPI -AL): This index measures the change in price of commodity basket consumed by the agricultural labourers• CPI Rural Labourers: This index measures the change in price of commodity basket consumed by the rural labourers These indices are published monthly by Labour Bureau under Ministry of Labour and Employment for all India as well as States and Union Territories.”
Why this source?
  • Explicitly states CPI - Industrial Worker is published monthly by the Labour Bureau under Ministry of Labour & Employment.
  • Identifies CPI-IW as a Labour Bureau product for all-India and state/UT levels (not DEA).
Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
Presence: 5/5
“(b) Consumer Price Index • Consumer Price Index (CPI) measures the change in retail prices on a monthly basis. It includes both goods and services.• It focuses on a homogeneous group of consumers, i.e., consumers with the same likes or dislikes in terms of commodity basket. Presently, it takes into consideration two homogeneous groups: rural households and urban households.• It reflects the cost of living of the two concerned categories of consumers. • S. No.: 1; Index: CPI - Industrial Worker; Base Year Used: 2016 (changed from 2001 to 2016 recently by GOI in Oct, 2020); Compiled by: Labour Bureau under Ministry of Labour and Employment, GOI • S.”
Why this source?
  • Lists CPI - Industrial Worker and notes it is compiled by the Labour Bureau under Ministry of Labour & Employment.
  • Confirms the institutional compiler (Labour Bureau), reinforcing that DEA is not the publisher.
Statement 3
Does the Labour Bureau (Government of India) publish the Consumer Price Index Number for Industrial Workers (CPI-IW)?
Origin: Direct from books Fairness: Straightforward Book-answerable
From standard books
Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
Presence: 5/5
“So, in India we have several CPI indices for different category/class of people: • CPI Industrial Workers (CPI -IW): This index measures the change in price of commodity basket consumed by the industrial workers• CPI Agricultural Labourers (CPI -AL): This index measures the change in price of commodity basket consumed by the agricultural labourers• CPI Rural Labourers: This index measures the change in price of commodity basket consumed by the rural labourers These indices are published monthly by Labour Bureau under Ministry of Labour and Employment for all India as well as States and Union Territories.”
Why this source?
  • Explicitly lists CPI – Industrial Workers among CPI indices and states these indices are published monthly by the Labour Bureau under the Ministry of Labour and Employment.
  • Mentions publication covers all‑India as well as states and UTs, indicating official responsibility for CPI‑IW dissemination.
Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
Presence: 5/5
“(b) Consumer Price Index • Consumer Price Index (CPI) measures the change in retail prices on a monthly basis. It includes both goods and services.• It focuses on a homogeneous group of consumers, i.e., consumers with the same likes or dislikes in terms of commodity basket. Presently, it takes into consideration two homogeneous groups: rural households and urban households.• It reflects the cost of living of the two concerned categories of consumers. • S. No.: 1; Index: CPI - Industrial Worker; Base Year Used: 2016 (changed from 2001 to 2016 recently by GOI in Oct, 2020); Compiled by: Labour Bureau under Ministry of Labour and Employment, GOI • S.”
Why this source?
  • Identifies CPI‑Industrial Worker and notes it is 'Compiled by: Labour Bureau under Ministry of Labour and Employment, GOI.'
  • Also gives technical detail (base year change) reinforcing that Labour Bureau is the compiling/publishing agency.
Statement 4
Does the Department of Personnel and Training (Government of India) publish the Consumer Price Index Number for Industrial Workers (CPI-IW)?
Origin: Direct from books Fairness: Straightforward Book-answerable
From standard books
Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
Presence: 5/5
“So, in India we have several CPI indices for different category/class of people: • CPI Industrial Workers (CPI -IW): This index measures the change in price of commodity basket consumed by the industrial workers• CPI Agricultural Labourers (CPI -AL): This index measures the change in price of commodity basket consumed by the agricultural labourers• CPI Rural Labourers: This index measures the change in price of commodity basket consumed by the rural labourers These indices are published monthly by Labour Bureau under Ministry of Labour and Employment for all India as well as States and Union Territories.”
Why this source?
  • Explicitly states CPI – Industrial Workers is published monthly by the Labour Bureau under the Ministry of Labour and Employment.
  • Naming the Labour Bureau as publisher directly contradicts the claim that the Department of Personnel and Training publishes CPI-IW.
Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
Presence: 5/5
“(b) Consumer Price Index • Consumer Price Index (CPI) measures the change in retail prices on a monthly basis. It includes both goods and services.• It focuses on a homogeneous group of consumers, i.e., consumers with the same likes or dislikes in terms of commodity basket. Presently, it takes into consideration two homogeneous groups: rural households and urban households.• It reflects the cost of living of the two concerned categories of consumers. • S. No.: 1; Index: CPI - Industrial Worker; Base Year Used: 2016 (changed from 2001 to 2016 recently by GOI in Oct, 2020); Compiled by: Labour Bureau under Ministry of Labour and Employment, GOI • S.”
Why this source?
  • Lists CPI – Industrial Worker and notes it is compiled by the Labour Bureau under the Ministry of Labour and Employment.
  • Confirms the institutional compiler/publisher for CPI-IW, reinforcing that DoPT is not the publisher.
Pattern takeaway: The exam consistently tests 'Institutional Parentage'. They want to verify if you know which arm of the government is responsible for specific data sets. If the index targets a specific demographic (e.g., Industrial Workers), the publisher is usually the ministry governing that demographic, not a generalist body like the RBI.
How you should have studied
  1. [THE VERDICT]: Sitter. Directly available in standard sources like Vivek Singh (Ch 1) or Nitin Singhania (Ch 4).
  2. [THE CONCEPTUAL TRIGGER]: Inflation Indices & Data Governance. When reading about any index (CPI, WPI, IIP), the first question must be 'Which body releases this?'.
  3. [THE HORIZONTAL EXPANSION]: Memorize the 'Publisher Matrix': 1. CPI (Rural/Urban/Combined) → NSO (MoSPI) 2. WPI → Office of Economic Adviser (DPIIT, Min of Commerce) 3. IIP & GDP → NSO (MoSPI) 4. CPI-IW, CPI-AL, CPI-RL → Labour Bureau (Min of Labour) 5. Residuary Non-Banking Companies → RBI
  4. [THE STRATEGIC METACOGNITION]: UPSC loves swapping the 'Parent Agency' in options. Create a single-page cheat sheet listing every major report/index, its Base Year, and its Nodal Agency. Do not confuse the 'Policy User' (RBI uses CPI-C) with the 'Publisher' (NSO releases CPI-C).
Concept hooks from this question
📌 Adjacent topic to master
S1
👉 Publisher of CPI-IW (Labour Bureau)
💡 The insight

References explicitly state that CPI - Industrial Workers is compiled and published by the Labour Bureau under the Ministry of Labour and Employment.

UPSC frequently asks which government agency compiles specific economic/statistical series. Knowing that CPI-IW is a Labour Bureau product helps answer questions on wage indexation, dearness allowance, and agency responsibilities. Learn by mapping major indices (CPI variants, WPI) to their compiling agencies and memorise a short agency-index table for quick recall.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
🔗 Anchor: "Does the Reserve Bank of India publish the Consumer Price Index Number for Indus..."
📌 Adjacent topic to master
S1
👉 Different CPI variants and their compilers
💡 The insight

Evidence shows multiple CPI series exist (CPI-IW, CPI-AL, CPI-RL, CPI Urban/Rural/Combined) and that CPI-IW is distinct in compiler and purpose from CPI (Combined).

Questions test differences between CPI variants (coverage, base year, compiler, policy use). Mastering these distinctions helps in polity-economy linkage questions (e.g., which CPI is used for DA vs inflation-targeting). Prepare by tabulating each CPI variant, base year, compiler, and primary uses.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > CPI Rural, CPI Urban and CPI (Combined) > p. 67
🔗 Anchor: "Does the Reserve Bank of India publish the Consumer Price Index Number for Indus..."
📌 Adjacent topic to master
S1
👉 CPI (Combined) as RBI's policy inflation measure
💡 The insight

References state RBI uses CPI (Combined) for inflation targeting — not CPI-IW — indicating which CPI series informs monetary policy.

High-yield for questions on monetary policy and inflation targeting (RBI, MPC). Understanding which CPI series informs policy clarifies why some indices matter more for macroeconomic policy. Focus revision on which index is used for policy, who publishes it, and the policy implications.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > 2.13 Monetary Policy > p. 60
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > CPI Rural, CPI Urban and CPI (Combined) > p. 67
🔗 Anchor: "Does the Reserve Bank of India publish the Consumer Price Index Number for Indus..."
📌 Adjacent topic to master
S2
👉 Which agency publishes which price index (CPI-IW, WPI, CPI-Combined)
💡 The insight

The references identify specific agencies for major indices: CPI-IW by Labour Bureau, WPI by Office of Economic Adviser (DPIIT), and CPI-Combined by MOSPI/NSO.

High-yield for UPSC: questions often ask which ministry/office publishes key economic indicators. Mastering this helps answer direct 'who publishes' and interpret policy roles (e.g., MPC uses CPI-Combined). Learn by making a simple two-column list (index → compiler) and revising regularly.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 2. Wholesale Price Index (WPI): > p. 32
🔗 Anchor: "Does the Department of Economic Affairs (Government of India) publish the Consum..."
📌 Adjacent topic to master
S2
👉 Different CPI variants and their uses (CPI-IW, CPI-AL, CPI-RL, CPI-Combined)
💡 The insight

References list CPI variants (industrial workers, agricultural labourers, rural labourers) and note their measurement focus and periodic publication.

Important for both static and applied questions on inflation and welfare: knowing variant definitions and compilers helps answer questions on cost-of-living measurement, index comparison, and policy targets. Prepare by categorizing CPI variants, their consumer groups, and who compiles each.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 2: Money and Banking- Part I > 2.13 Monetary Policy > p. 60
🔗 Anchor: "Does the Department of Economic Affairs (Government of India) publish the Consum..."
📌 Adjacent topic to master
S3
👉 Types of Consumer Price Indices in India (CPI‑IW, CPI‑AL, CPI‑RL)
💡 The insight

The references enumerate CPI variants (Industrial Workers, Agricultural Labourers, Rural Labourers), directly surrounding the CPI‑IW question.

High‑yield for UPSC because many questions ask about different CPI series and whom they represent; helps answer questions on which index applies to which population and comparative interpretation. Study by tabulating CPI variants, target populations, and typical uses.

📚 Reading List :
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
🔗 Anchor: "Does the Labour Bureau (Government of India) publish the Consumer Price Index Nu..."
📌 Adjacent topic to master
S3
👉 Institutional responsibility for price indices
💡 The insight

References state the Labour Bureau compiles/publishes CPI‑IW while another reference names the Office of Economic Adviser/DPIIT for WPI, highlighting which agency is responsible for which index.

Frequently tested: 'which agency publishes which index' is a common factual question. Knowing compilers (Labour Bureau for CPI‑IW; OEA/DPIIT for WPI) helps across prelim and mains interlinked topics (inflation measurement, policy). Memorize agency–index pairs and contrast CPI vs WPI roles.

📚 Reading List :
  • Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
  • Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 2. Wholesale Price Index (WPI): > p. 32
🔗 Anchor: "Does the Labour Bureau (Government of India) publish the Consumer Price Index Nu..."
🌑 The Hidden Trap

While everyone studies CPI-IW, the 'Wage Rate Index' (WRI) is also released by the Labour Bureau (Base Year revised to 2016). Also, note that CPI-IW is the specific index used to calculate Dearness Allowance (DA) for government employees, unlike CPI-Combined which is used for Inflation Targeting.

⚡ Elimination Cheat Code

Use 'Functional Matching'. The index is for 'Industrial Workers'.
- RBI deals with money/banking (Too Macro).
- DoPT deals with bureaucrats/IAS officers (Too Elite).
- Dept of Economic Affairs deals with Budget/Capital Markets (Too Fiscal).
- 'Labour Bureau' literally has 'Labour' in the name, which matches 'Workers'. The administrative fit is obvious.

🔗 Mains Connection

Link this to GS-3 (Economy & Employment): The CPI-IW is not just a stat; it is the benchmark for the 'Minimum Wages Act' and collective bargaining. If CPI-IW is flawed, real wages for millions of industrial workers are miscalculated, leading to industrial unrest or poverty traps.

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SIMILAR QUESTIONS

IAS · 2010 · Q115 Relevance score: 1.19

With reference to India, consider the following Statements: 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only 2. As compared to Consumer Price Index for Industrial Workers (CPI (IW)), the WPI gives less weight to food articles. Which of the statements given above is/are correct?

CDS-I · 2017 · Q100 Relevance score: 0.88

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

IAS · 1997 · Q67 Relevance score: 0.85

In India, inflation is measured by the

IAS · 2020 · Q37 Relevance score: -0.36

Consider the following statements : 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct ?

IAS · 2022 · Q38 Relevance score: -0.40

In India, which one of the following is responsible for maintaining price stability by controlling inflation ?